target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: IDC Survey Spotlight - Doc Document number: # US52439423
Enterprise Buyers Bullish on Generative AI IT Spending Heading into 2025; Cloud Networking and Connectivity Among Enterprise CEO IT Priorities
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Abstract
This IDC Survey Spotlight examines spend on GenAI initiatives in 2024 and 2025.
Hyperscale cloud providers and full-stack networking vendors are likely to meaningfully benefit from sales of hybrid cloud and multicloud network services, with datacenter networking vendors benefiting from sales of Ethernet fabric switching and ITOps tooling, heading into 2025. Exponential growth in planned IT spending on GenAI initiatives heading into 2025 and beyond is the key driver.